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| The economy, is it good or bad. (Page 12/181) |
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aceman
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AUG 04, 10:36 PM
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| quote | Originally posted by Formula88:
Do you have any links to articles mentioning the $20-30,000 discrepancy? Since Bill's article mentions the $70k was more than twice the average mfg. salary, that would put the average under $35k a year. So your articles should be saying Toyota pays, what, $5,000 - 15,000 per year?
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Twice the MANUFACTURING salary, but not twice the AUTO MANUFACTURING salary. One of Bill's links above show another Toyota worker making $29/hr.....$58,000 a year. We've seen many links in other threads showing UAW workers average $35/hr and around $77/hr with all benefits and legacy costs worked in. If Toyota has an average cost of $47/hr per employee. That would mean that the average Toyota worker earns an hourly wage of round $25/hr. The other $22/hr is benefits and legacy costs.
This is a pretty good link, Formula88....
http://www.npr.org/news/specials/gmvstoyota/
From 2005. Shows Toyota workers making $27/hr (Including a year-end bonus) and UAW Union Monkeys making $31/hr (Figure includes monkeys getting paid to sit on their asses in a breakroom doing nothing)
Hmmmmmm...... Non-union employees getting bonuses for helping the company make a profit and increase productivity. Union employees getting paid to do nothing in a job bank. 84fiero123, care to create another great union thread. That's a pretty significant statement, isn't it???
We need to get off this union subject and back on the economy subject. Unions are just part of the economic picture.[This message has been edited by aceman (edited 08-04-2007).]
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Formula88
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AUG 04, 11:22 PM
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In that case: http://www.chicagotribune.c...ug04,0,5787898.story
"U.S. bankruptcy filings were 38 percent higher last month than in July 2006 and are 50 percent higher for all 2007 than they were a year ago, according to data complied by the private research company Jupiter eSource LLC.
Almost 307,000 bankruptcies were filed in the first seven months of this year, the company said Friday, citing U.S. Bankruptcy Court records obtained online.
Business reorganizations accounted for 3,400 filings, a 20 percent rise from the same period in 2006 for corporate Chapter 11 cases. Individual bankruptcies accounted for most of the rest.
The 50 percent growth this year is partly a result of a low rate of filings in early 2006 under a new, more restrictive law. Bankruptcies first rose as individuals rushed to beat the October 2005 deadline, then dropped. They rose steadily in 2006.
If this year's pace continues, new bankruptcies in 2007 will total almost 790,000, 34 percent more than last year."
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84Bill
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AUG 05, 12:05 AM
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| quote | Originally posted by aceman:
We need to get off this union subject and back on the economy subject. Unions are just part of the economic picture.
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Unions are a SMALL part. I beleive 84fiero123 was stating that. Atleast that what I read. Uaana seemd to think developments were stifiled by unions and union pay...
It isnt, It's the top end. Which is why I posted the ratio CEO to worker pay.
1 The worker has no buying power.
2. theres no money to expand, encourage or spur groth in the company because the money simply isnt there, it's going to the top end, then from there directly into the stock market in market funds, stocks, bonds, etc.. It's "locked up" in the system and not free flowing liquid. A diabetic with poor circulation stands a great chance of loosing their legs...
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pokeyfiero
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AUG 05, 12:35 AM
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| quote | Originally posted by 84Bill:
Unions are a SMALL part. I beleive 84fiero123 was stating that. Atleast that what I read. Uaana seemd to think developments were stifiled by unions and union pay...
It isnt, It's the top end. Which is why I posted the ratio CEO to worker pay.
1 The worker has no buying power.
2. theres no money to expand, encourage or spur groth in the company because the money simply isnt there, it's going to the top end, then from there directly into the stock market in market funds, stocks, bonds, etc.. It's "locked up" in the system and not free flowing liquid. A diabetic with poor circulation stands a great chance of loosing their legs... |
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But who is stopping people from Un-Locking this flow of money for themselves?
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84Bill
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AUG 05, 01:35 AM
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| quote | Originally posted by pokeyfiero:
But who is stopping people from Un-Locking this flow of money for themselves?
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I spose that would be the people who have it?
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Uaana
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AUG 05, 01:42 AM
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Sorry got a little sidelined.. the unions are only one of the problems with the big 3.
Back on to the main topic, yes there were a rise in bankruptcys, mostly from people buying too much house and morgtage companies luring them in with questionable lending practices. ARMs are killing most of these people, blame goes to both not just the lenders but pply buying way out of their means.
Bankruptcies being up is not really a measure of the economy, more a measure of stupid people.
Some of you need to take a step back and look at the big picture, not your microcosm. The economy is pretty damn healthy considering we've got a war we're funding and a congress/senate on a spending spree.
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84fiero123
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AUG 05, 07:48 AM
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Ever notice that when there is a war going on the unemployment is low?
Why, well lets see,
We have how many men and women over there fighting?
Those jobs have to have workers to replace those fighting so yes unemployment would be down.
Now lets see if Bush brought all those guys and girls home that would put how many other people out of work who are only in those positions as temps?
Think maybe that would raise the unemployment level just a tad?------------------
Technology is great when it works,
and one big pain in the ass when it doesn't.
Detroit iron rules all the rest are just toys.
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rogergarrison
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AUG 05, 08:13 AM
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Another great year for me. Made tons of easy money. Im raking in all i can now....just in case demos win this time. Then if they do I can retire on that instead of starve trying to make a living. lol.
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aceman
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AUG 05, 08:16 AM
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| quote | Originally posted by 84fiero123:
Ever notice that when there is a war going on the unemployment is low?
Why, well lets see,
We have how many men and women over there fighting?
Those jobs have to have workers to replace those fighting so yes unemployment would be down.
Now lets see if Bush brought all those guys and girls home that would put how many other people out of work who are only in those positions as temps?
Think maybe that would raise the unemployment level just a tad?
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Nope, Steve, your uneducated theory is WRONG.......Again.
http://money.cnn.com/2006/0...bs_january/index.htm
They provided a little picture for you to look at. It's called a graph. It shows that unemployment is about .6% different than before 9/11.
Now, if we brought EVERYBODY home....servicemembers and contractors, that would be about 250,000 people. At least 150,000 of those people already were working for the government as a contractor or a servicemember. Another 50,0000 go back to a job that no one was filling their void when they left. A good amount of them are probably college students that don't count in the numbers. When we add 150,000 jobs per month it makes our percentage go down by less than .5%.
You keep trying though, Steve. Even a blind squirrel will find a nut every once and a while.
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84Bill
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AUG 05, 08:51 AM
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| quote | Originally posted by aceman:
Another 50,0000 go back to a job that no one was filling their void when they left. |
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Thats incorrect...
That position is being filled by another individual who will be LAID OFF pending the return of the soldier which the company must provide a similar job to.
Then lets consider the Military Industrial COmplex that no longer needs to pump out or refurbish military hardware, software, weapons and make lead bullets. The unemployment rate combined with the money loss would be extreme. Congress tried to cut back spending on this not long ago but the unmentiond interesting FACT of the matter is they cant.. it would effectivly kill the economy.
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